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Germany: The ZEW Index drops to -24.5 in July

German investors’ sentiment worsened further in July amid lingering worries over unresolved US-China trade dispute and geopolitical tensions with Iran, according to the survey. It is published on Tuesday by the ZEW Economic Research Institute.

The ZEW index dropped to -24.5 this month, more than the -22.3 drop expected on average by economists polled by Reuters after -21.1 in June.

The sub-index of current conditions have deteriorated significantly more than expected at -1.1 against 7.8 in June and 5.0 expected by economists.

Reuters

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